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L&T Shares Surge on Strong Q2 FY27 Earnings
28 Oct
Summary
- L&T shares rose over 6% following strong September quarter results.
- Revenue grew 16% year-on-year to ₹78,750 crore in Q2 FY27.
- Order inflow reached ₹1,47,665 crore, a 28% increase year-on-year.
Larsen & Toubro (L&T) saw its share price climb by more than 6% on October 28, 2026, reacting to strong September quarter financial performance for FY27. The company's stock opened at ₹3,820 on the NSE, up from its previous close, making it a top gainer.
L&T announced a 16% year-on-year revenue increase, reaching ₹78,750 crore for the quarter ended September 30, 2026. This growth was primarily fueled by efficient execution within its Projects, Products & Manufacturing (PPM) portfolio.
The company also reported a significant surge in new orders, securing ₹1,47,665 crore in the September quarter. This represents a 28% year-on-year rise, with key contributions from its Hydrocarbon, CarbonLite Solutions, and Public Spaces businesses.
S N Subrahmanyan, Chairman and Managing Director, highlighted the company's strong performance amid a dynamic geopolitical environment. He noted the continued customer confidence and L&T's capability in obtaining large, complex orders globally. The highest-ever order book of ₹8.5 lakh crore ensures multi-year revenue visibility.
